The Ibex starts August with slight falls, below 6,900 points
It does not have important supports until the lows of May
The Ibex opens with slight falls of 0.18% to 6,864 points and faces the month of August with the hangover of the intense week of business results taking its toll on its price and with a technical outlook that heralds further declines. July brought on a fall of 5% in the national selective and has moved the Ibex away from 6,900 points, clearly affected by business results that have noticed the effects of Covid-19.
IBEX 35
11.617,900
-
-0,80%-93,90
- Max: 11.662,70
- Min: 11.575,00
- Volume: -
- MM 200 : 11.143,04
In the first bars of the session, the biggest falls were for BBVA (-1.37%) and ACS (-1.28%) and the titles that rise the most were Grifols (+ 0.89%) and CIE Automotive (+ 0.82%). On the national scene, this week the results continue such as Unicaja, which earned 47.5% less from January to June, after providing extraordinary provisions of 103 million for the Covid-19 and DIA, which publishes on Thursday. Internationally, we've known the results of HSBC, the largest in Europe, which has earned 77% less in the first quarter, the entity reported today. The accounts of Societe Generale have also been known, which recorded a net loss of 1,260 million euros in the second quarter of the year.
European stocks point to timid rises, in the run-up to a session that will be dominated by the same issues with which it said goodbye last month: the effects of the pandemic on companies and the economy - this week the PMIs of Europe will be known and the US-, the political tensions between the US and China and the gold highs, which continue to stretch to almost $ 1,985, in a clear race to $ 2,000.
Elsewhere, Asian stocks have remained green this Monday, buoyed by the apparent recovery in the Chinese economy, whose manufacturing purchasing managers index has exceeded expectations. The Caixin / Markit PMI reached 52.8 in July, above expectations of a reading of 51.3 by economists in a Reuters poll. PMI readings above 50 signify expansion, while those below this figure indicate contraction.
Mainland Chinese stocks have risen above 1.5% for both the Shanghai and Shenzhen components, while the Japanese Nikkei has risen above 2%, while the Topix index advanced 1.55%. Those moves follow the nearly 3% drop in Japanese stocks last Friday.
